We are OBITS

What is OBITS ?

OBITS gives the chance to profit from the wild swings in prices of the digital currency market without of it`s deep understanding. OBITS is therefore a way of empowering the average user to profit from the markets without a comprehensive background either in trading strategies or blockchain technology.

OBITS tokens are hosted on OpenLedger, one of the world’s first truly Decentralized Autonomous Exchanges. This means the holdings of the exchange are always auditable, stable, and user’s balances are always available in full.
Unlike ordinary banks it does not depend on fractional reserves. The business is based on blockchain technology offered by Bitshares and its code is fully open source for anyone who wants to look further.

Holding OBITS entitles you to become a part owner of the bright future that lies ahead of OpenLedger. OBITS owners have an access to share in the profits issued by the organization. Just like a real life business, you will also be entitled to cast votes on key decisions made by the issuer. Buying OBITS is the equivalent of buying an early stake in a ground-breaking technology company.

Unlike bitcoin, OBITS is not subject to market manipulation, extremely volatility or the vagaries of the market. This empowers the founding team to keep your vested money safe and protected from unexpected declines in value. Given the fact that the product is just starting to penetrate new markets, there’s only one development path – upwards.

Decentralized

This means that no single entity or individual, including the CEO, makes binding decisions regarding the organization or has access to all the funds. Your funds are well protected by being distributed on computers across the world, so that no hacker will be able to break into or cause damage to the exchange.

OpenLedger’s decentralized exchange generates revenues by charging fees for providing services such as exchanging cryptocurrency with fiat, depositing or withdrawing funds, trading, registering on the exchange and taking referrals, to name a few. These profits are distributed among OBITS owners. This key functionality makes OBITS stand out against other well-known first-generation cryptocurrencies such as bitcoin.

Bitcoin’s price is determined on the basis of the market’s consensus of its value, decided by what people will pay on exchanges worldwide at any point in time. It is therefore extremely volatile and prone to sharp rises and falls, whereas OBITS’ value is determined by the businesses involved and the ongoing development of these decentralized digital platforms.

Autonomous

OpenLedger runs its business with decisions that are enforced by code. As humans we are all susceptible to greed and other emotions. However, when key decisions such as profit splits are pre-encoded into the system, it results in complete and reliable delivery on promises and increased trust in the system. This can be cross-checked by any individual with the technical know-how thanks to the open-source code on which the system runs.

Exchange

The exchange empowers retail consumers from around the globe to swap their fiat or digital currencies for cryptocurrencies, and thereby profit by taking a small percentage of each transfer, deposit, withdrawal or exchange. The profit is then sent out to anyone that holds OBITS tokens. This is one of the key differences between bitcoin and OBITS. While holding bitcoin gives you access to a digital token, verifiable on the blockchain yet susceptible to market conditions, OBITS is a system that brings consistent wealth in the form of profit splits from the organization.

TIER 4

Buyback history:

1st day of every month is preparation date - time, when people can make their orders. 2nd day of every month, 12.00 UTC - buyback time.

OBITS will be bought back at market price using 100% of fees generated from the OpenLedger Exchange Network on BuyBack day. A list of applicable fees is mentioned on OBITS website, with more information to be added in due course.

OBITS token owners are entitled to a proportional share of the profits on OpenLedger and any further projects added in the future. These profits will be paid in the form of buy-backs. It is expected with new fee structure, that a monthly payment structure in the form of sharedropping of 90% BTS and 10% OPEN.BTC will replace the buyback structure.

Fees on OpenLedger included in OBITS revenue stream of profits:

- 80% of all Basic fees from users signing up on Openledger with no prior Life Time or annual member as referrer

- 50% of all Basic fees from users signing up on Openledger referred via Annual member.

- 20% of all Basic fees from users signing up on Openledger referred by Life Time member.

Amounts achieved from sales of new projects (OBITS the market maker) incl. in OBITS revenue stream of profits:

10% of the issued part of crowdsale and presale of the new project BTSR related to the Blockchain Ad Network Bitteaser will be added to OBITS revenue stream adding value to OBITS for future sharedrop and/or buyback

20% of the designated revenues of BitTeaser from the BTSR asset will be used as part of the monthly sharedrop and/or buyback of OBITS.

Market Cap. (OBITS sold to public):

OBITS is Now Listed on Livecoin — Major Altcoin Exchange

March 3, 2017 — (Pandrup, Denmark) — OBITS began its entry into the major exchanges today with its debut on Livecoin, one of the best-known altcoin exchanges.

OBITS are the official digital token of the OpenLedger Decentralized Conglomerate (DC), allowing multiple organizations to join forces and directly invest in each other’s successes, reaping the benefits of cross-promotion throughout the entire network.

The OpenLedger DC is the world’s first blockchain powered conglomerate, and since its launch in 2015, has growth from strength to strength. OpenLedger initiate a buyback of OBITS and burning, thus reducing the overall supply, allowing a natural growth in the value of remaining funds over time.

In addition, OBITS.WARRANTS gives investors the right during 2017 to purchase OBITS tokens at a fixed price. From January 1,2018, these OBITS warrants will then be invalid.

The following currency pairs are listed on Livecoin: OBITS/BTC, OBITS/BTS, OBITS/ETH, OBITS/USD, and OBITS/EUR.

Ronny Boesing, CEO of OpenLedger, stated, “These are exciting times for the OpenLedger DC and OBITS, and with blockchain technology set to boom worldwide, it is great pleasure to partner with the Livecoin exchange and list the official currency of the OpenLedger DC. The digital reward based token called OBITS is a token representing the future ways of generating value through digitalized leadership and people driven activities.”

“OBITS are powered by people worldwide, including bloggers, entrepreneurs, media, traders, investors, and app developers. They are all enjoying the opportunity to hold a decentralized asset carrying unlimited potential,taking place on the blockchain. Using the MIT Tech Graphene toolkit, it is this technology which is empowering the fintech trading platform OpenLedger, which is built on top of BitShares blockchain.”

Livecoin, which is registered in London, launched in April 2015, and since then has steadily grown to become one of the best-known altcoin exchanges. Livecoin offers a range of features suitable for beginners up to more experienced traders, allowing for both crypto and fiat trading.

Boesing continued, “The Livecoin exchange is the first of an expected 5–7 exchanges to add OBITS within next 4 months, and it is all part of our plan to make 2017 an exciting year for OpenLedger. We are expecting to present breaking news almost every week, with our next big release to be what we are calling ‘Crowdfunding 3.0 on the Blockchain.’ “

“Only three days ago we announced the Initial Token Offering (ITO) of OpenLedger’s Apptrade (www.apptrade.io), the platform which is being called “Kickstarter for Apps on the Blockchain”. Apptrade creates portfolios, or groups, of apps, where if one of those apps becomes the next Instagram or Angry Birds, then the value of the portfolio rises. This innovation contributes to the value of OBITS, and investors are responding well. With this said, we look forward to watching our performance on Livecoin.”

Profit distribution

OBITS token owners are entitled to a proportional share of the profits on
OpenLedger and any further projects added in the future. These profits will be paid in the form of
buy-backs. It is expected with new fee structure, that a monthly payment structure in the form of
sharedropping of 90% BTS and 10% OPEN.BTC will replace the buyback structure.

Fees on OpenLedger included in OBITS revenue stream of
profits:

80% of all Basic fees from users signing up on Openledger with no prior Life Time or annual member
as referrer

50% of all Basic fees from users signing up on Openledger referred via Annual member.

20% of all Basic fees from users signing up on Openledger referred by Life Time member.

NB! Please have a look at following link for full details on all fees involved:
cryptofresh.com/feesNB! It means again that all above percentages are based on an
amount where 20% network fee has already been deducted.

100% of the revenue achieved from the referral fees conncted with the accounts OpenLedger, OBITS,
Emercoin, NuShares, or any other account owned by ccedkbts involving any of the projects mentioned
or part of.

Amounts achieved from sales of new projects (OBITS the market maker)
incl. in OBITS revenue stream of profits:

10% of the issued part of crowdsale and presale of the new project BTSR related to the Blockchain Ad
Network Bitteaser will be added to OBITS revenue stream adding value to OBITS for future sharedrop
and/or buyback

20% of the designated revenues of BitTeaser from the BTSR asset will be used as part of the monthly
sharedrop and/or buyback of OBITS.

NB! For more information on BTSR which is an asset created on the present and future
value of the Blockchain Ad Network BitTeaser, plrease go to btsr.io

more projects will come in near future!

OBITS uses a new approach to increase investors’ capital and the value of
this token/cryptocurrency. Destruction of tokens purchased at buy-back will implicit cause the
appreciation of the remaining tokens. You can find out more here.

Token owners can lock in their profits by selling their OBITS at Openledger or
other participating exchanges, using the order book.

Voting and adding new projects

Using Bitshares’ voting scheme, OBITS will be used to
choose new projects to be included in Openledger, and to add the profits on its existing projects under
development that are ready to join.

Note: Anyone who has their own
assets or projects represented on OpenLedger may buy OBITS in return for adding some or all of their
profits to OBITS’ income. These projects will be chosen with the aid of Bitshares’ voting
system. A voting schedule will be posted via Twitter.

All requests about your online business offer can be sent to ronny@ccedk.com

ROI – Return on Investment

OpenLedger is powered by an automatic referral system built into the platform. Just like every business, we have revenues and expenses. OBITS investors will benefit via a two-stage process:

Stage 1: OBITS sales

Private pre-sale and public offering

Already taken place up to 30 November 2015, OBITS was possible to be purchased directly from the founder, receiving funds straight from the original OBITS ‘Genesis’ account. On 1 December public trading was officially declared open, and large amounts has been made available on different exchanges at market price.

Pre-sales prices were lower than the current market price, and significantly lower than the price offered to the general public.

Stage 2: OBITS buy-back

OBITS was bought back first time February 2nd 2016 at market price on OBITS markets BTS and OPEN.BTC and then burned, which means bought back amount of OBITS 49 800 was removed permanently from total available supply.

Example #1. Alice places a sell order for 1 OBITS at 30 BTS. Her sell order is the cheapest on buy-back day, so OpenLedger ApS will buy Alice’s 1 OBITS for 30 BTS on the base of obtained profits. Furthermore, any OBITS tokens bought in this way using OpenLedger profits will be burned (destroyed), thereby increasing the price of remaining OBITS tokens.

Example #2. Bob has bought 100 OBITS for 15 BTS/OBITS (total 1,500 BTS). He decides to sell 10% of his holdings on buy-back day at the price of 150 BTS/OBITS (total 1,500 BTS). According to the given rules, all orders are bought back on the basis of generated profits. In this example, if Bob’s sell order is met, he stands to keep 90% of his initial OBITS holdings, fully paying for the original cost of the remaining tokens.

Conclusion from first successful buyback

More than $5,000 was involved in the buyback.

Price growth of OBITS on buyback day was more than 40%

Initial OBITS price at launch was $0.045 (4.5 cents)

OBITS price at the end of buyback was $0.105 (10.5 cents)

Current OBITS price is around $0.075-0.085 (7.5-8.5 cents)

*All prices in USD are converted to the equivalent to BTS on a buyback day. In the above mentioned case, someone who had initially spent $100 on OBITS would receive more than $225 ($125 of profit) in just 3 months in case they decided to cash out taking part in the buyback.

It means, that 'Bob', having spent 100$ at the very beginning of introduction of OBITS, could have reached more than 225$ (125$ of clean profits) in just 3 months.

These are real statistics and the results of the FIRST buy-back.

A growing interest in OpenLedger will increase overall fees generated on the platform, indirectly supporting a healthy increase in OBITS’ valuation.

NB! If there are no sell orders at the time of the monthly buy-back, any unspent revenues will be held and included in the buy-back the following month, and so on.

The Mission of OBITS

The ultimate aim is to make OpenLedger – and therefore also OBITS – a product worthy of long-term investment, naturally increasing in value due to progressive improvements in the platform, thereby benefiting users in general as well as OBITS holders.

All transactions made on the platform are verifiable on the blockchain. Any user can therefore audit the profits generated by the company in real time. Since the blockchain ensures full transparency, unlike conventional banking systems, stakeholders and shareholders will be able to ensure they are not being cheated.

Except for the transaction cost of sending the money (which is a fraction of what the banks charge), there will be no surplus costs or hidden fees involved. Working with the blockchain allows organizations like ours to interact and work in the financial realm with anyone around the globe without being susceptible to the draconian fees imposed by the existing banking system.

Your voting rights are directly proportional to the amount of OBITS you hold. The larger the amount, the more influence you can exercise upon company decisions. Just like a real listed company depends upon its board for decisions, OBITS holders will be permitted to vote upon company decisions wherever it is deemed necessary.

OBITS will be bought back at market price using 100% of fees generated from the OpenLedger Exchange Network. A list of applicable fees is mentioned on OBITS website, with more information to be added in due course.

Example #1. Alice places a sell order for 1 OBITS at 30 BTS. Her sell order is the cheapest on buy-back day, so CCEDK will buy Alice’s 1 OBITS for 30 BTS on the base of obtained profits. Furthermore, any OBITS tokens bought in this way using OpenLedger profits will be burned (destroyed), thereby increasing the price of remaining OBITS tokens.

Example #2. Bob has bought 100 OBITS for 15 BTS/OBITS (total 1,500 BTS). He decides to sell 10% of his holdings on buy-back day at the price of 150 BTS/OBITS (total 1,500 BTS). According to the given rules, all orders are bought back on the basis of generated profits. In this example, if Bob’s sell order is met, he stands to keep 90% of his initial OBITS holdings, fully paying for the original cost of the remaining tokens.

Equivalent of 147,800 BTS was spent on openBTC/OBITS market
1,330,200 BTS was spent on BTS/OBITS market
Summary, 49,800 OBITS have been bough back
More than 41% - instant price growth
New supply available - 18,228,000 OBITS

Due to the limited amount of OBITS left and consequently only offered to bigger investors.
Our CEO Ronny Boesing will be happy to conclude a deal with you.
Please feel free to contact him at your earliest convenience on email: ronny@ccedk.com

Social news

What People Says

I feel that OBITS is not only a crypto currency but also a market maker in the sense that with its
natural growth it will consume and harbor many future projects with a safe haven, each adding new value
to OBITS in terms of fees added for the service and in return allowing these projects to prosper and eventually
break out to become that white swan everybody else thought of as the ugly duckling type of thing.
It is synergy at its highest, and the kind of ...

Cryptocurrency exchange CCEDK has officially launched Obits, a new currency, that aims to reward holders with a share of its revenues from transactions,
referrals plus income from new bourse initiatives. Whilst at the pre-sale stage until a full public launch next month, Obits can be bought with Bitcoin
and fiat currencies like US dollars....

Denmark-based digital currency exchange Crypto Coins Exchange Denmark ApS (CCEDK) has created a new digital currency to reward holders with a share of the exchange’s revenues.
CCEDK CEO Ronny Boesing announced the launch of the new token, named OBITS, on Thursday in an email sent to CoinReport.

The exchange said that the token will be hosted on decentralized financial system OpenLedger, which is the de facto BitShares 2.0 ...